Many Americans rely on employer-provided health insurance, but when they retire, they often turn to Medicare for coverage. Medicare eligibility begins at 65, and enrolling a few months before ensures coverage. While eligible for Medicare at 65, consider delaying Social Security. Claiming benefits at 65 can result in a permanent reduction, affecting retirement income. You don’t need to be on Social Security to enroll in Medicare, though premiums may need to be paid separately. Delaying Social Security past full retirement age can lead to an 8% boost in benefits each year until age 70, providing a significant financial advantage in retirement.

Read more at Nasdaq: Ready to Enroll in Medicare? Here’s Why You May Want to Wait on Social Security.